In one of his rare interviews, Vivek kaul said, ‘I write for my mother’, implying that he tries to keep his writing style as simple as possible so that people with no economics background can understand it, I must say he has remained true to his words in his books.
Easy Money Triology is written by the renouned Indian columnist, Vivek Kaul, writes in many esteemed publications in India. In this blog post, I will be taking you through the second book – Easy Money, I happened to read this one first, jumping the row 😉
Easy money is available in Amazon in Hard copy, , Amazon Kindle and Amazon Audible app.Easy Money – the second book of Easy Money Triology, written by Vivek Kaul, Published by Harper Collins India.
‘The Evolution of The Global Financial System to the Great bubble burst’. The Book captures, how the global financial system evolved aftermath of the first world war, stretched economies of Europe, rise and rise of United States and leading upto dot com crash of 2001 and real estate bubble burst of 2008 and beyond.
Written in 10 chapters, this is a handbook captures economics of currency war, rise of Hitler, softening of European economies through ‘2nd world war’, the relationship of paper money with Gold. This book captures the economic evolution between early 20th century and early 21st century in view of major world currencies in the backdrop of Gold, petroleum and modern international trades. It meticulously cover the nuances of evolution of stock and bond market, interest rate movements leading upto easy availibility of money in Wall street leading to tech bubble burst and eventually real estate collapse.
Absorbing and grasping tale of history of modern global financial system is a must read for those who likes economics, finances, a fan of world history or an complete outsider of the subject. The narration is story like. It uses quotes extensively by economists and historians which makes the book very relatable. A perfect read for people who cares for financial literacy. This is a book on history of modern financial system or history of modern finance. The book elaborates on the major role played by the economists and politicians to acquire the resources and livelihood means for their countrymen to make their lives easy, striving to improve the living conditions and gradually supporting lifestyle.
Vivek Kaul’s trilogy on money unfolds the economic history to us detailing the important historic events and decisions which led to the current global economic situation. The subtle and structured narration takes readers through the ever evolving relationship of Gold and the ‘paper money’ of the countries, the journey of Yen, Rubble and how dollar navigated through the twists and turns of discovery phase of essential commodities of gold and crude oil through earth’s surface. How the gold and oil mine discoveries changed the relationship across Atlantic. It also takes us through the America’s relationship with middle east countries, Japan and Russia apart from the major European forces . The book is based on well researched facts. It takes extensive references from many classics written by world economic historians. The book shares a grasping tale of world economy with unbiased narrative. It’s focus remains the first world countries, India doesnt find a mention in the book. However, his third book Bad Money, captures the evolving NPA situation and its possible impact on Indian economy.
Chapters of the the book
Chapter 1 – Coup De Whisky
Chapter 2 – The Great Depression (1929 and beyond)
Chapter 3 – The Men Who knew too much
Chapter 4 – Hitles Falling, Dollar rising
Chapter 5 – Exhorbitant Priviledge
Chapter 6 – The American Promise
Chapter 7 – The Man who would be King
Chapter 8 – When a Tokyo Palace Became more expensive than California
Chapter 9 – Irrational Exuberance
Chapter 10 – But a pin lies in a wait for every bubble
The books quoted in the book are – Wealth of Nations, Paper Money, Extreme Money. It is a must read for economics and history enthusiast, an awesome account of history of Global Financial markets written by an Indian Author.
Book 1 – Easy Money: Evolution of Money from Robinson Crusoe to the First World War
Book 2 – Easy Money: Evolution of the Global Financial system to the Great BubbleBurst
Book 3 – Bad Money – Inside the NPA Mess and How It Threatens the Indian Banking System 2020
